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Since the last time you logged in our privacy statement has been updated. We want to ensure that you are kept up to date with any changes and as such would ask that you take a moment to review the changes. You will not continue to receive KPMG subscriptions until you accept the changes.

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Our privacy policy has been updated since the last time you logged in

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Adjustments for the cost of regulatory capital

Portfolio valuation adjustments for derivative portfolios have become increasingly sophisticated over recent years. One of the newest and potentially largest adjustments is for the cost of regulatory capital – so-called KVA.

“The ultimate test of a KVA is whether it genuinely reflects the price at which a willing counterparty would enter into a transaction.”

Colin Martin, KPMG in the UK

We delve deeper into the detail of KVA and why it is more complex than it seems at first glance.

Regulatory treatment of accounting provisions

The Basel Committee on Banking Supervision recently published proposals on the interaction between IFRS 9 Financial Instruments and the Basel regulatory capital requirements for banks.

This article discusses the proposals and their possible implications.

Fair value disclosures

This quarter, our regular ‘How do you compare?’ article looks at disclosures of fair value for financial instruments that are measured at amortised cost.

IFRS 9 developments and IASB projects

There’s more news in our regular sections on IFRS 9 and the IASB’s activities, including confirmation of the EU’s endorsement of IFRS 9.

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KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.